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Salon

Lifestyle

Joy Saha

UNBELIEVABLE: Red lobster s future is looking up - The Untold Story

Red Lobster Jonathan Tibus Damola Adamolekun Flavor Flav Company

A little less than four months after Red Lobster filed for Chapter 11 bankruptcy, the seafood restaurant chain received court approval for its restructuring plan to continue operating under a new firm.

Red Lobster will be acquired by RL Investor Holdings LLC — an “entity created by funds managed by affiliates of Fortress Investment Group LLC” — alongside co-investors TCW Private Credit and Blue Torch, the company announced in a press release Thursday. The acquisition is anticipated to close before the end of September.

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